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Sep 15, 2010 7:00pm PDT
, hong kong's hang seng is currently down .25%. the shanghai key index for major blue chips is down 0.4%. and in shenzhen the sse composite is also down half a percent. >>> the u.s. government has filed complaints against china at the world trade organization. they claim china protects its financial services market from competition and criticized its tariffs on steel products. the u.s. commerce department submitted their cases to the wto on wednesday. the u.s. claims china lets domestic firms operate a virtual monopoly in financial services like electronic processing of credit card payments. that's despite china's promise four years ago to open up the market to foreign companies. the other case targets china's additional tariffs on some steel exports, which beijing says prevents foreign steelmakers from dumping cheaper products on the mainland. the u.s. says the terrorists are blocking their steel exports to china. the two sides will hold talks for 60 days. if they fail to reach an agreement, the wto will handle the dispute. sources say the move comes as washington tries to take a tou
Sep 9, 2010 2:30pm PDT
tourists from hong kong died in a case yet -- in a chaotic rescue. investigators say there is a strong possibility some were killed by friendly fire. our correspondent reports. >> this was when it all began to go wrong. police commandos moved in to try to rescue tourists from hong kong held hostage by a gunman armed with an assault rifle. they tried to smash their way in. they beat a hasty -- hasty retreat under fire, trying again when the hijacker was shot dead. the entire saga was broadcast on live television. by the time it was over, eight hostages were dead. under intense pressure, the philippines government launched an inquiry. ballistics experts brought in from hong kong to help. the philippines police said the victims had all been killed by the hijacker. the evidence seems to suggest that some might have been accidentally shot by the police themselves. >> there were shot that came from afar. not all came from the snipers. we know where the snipers were. >> the inquiry has not reached a final conclusion yet. the president today made clear that anyone who has failed in their dutie
Sep 15, 2010 2:30pm PDT
has sparked more protests. activists in hong kong tried to stage a sit-in at the japanese consulate. johnson reports. -- jonathan johnson reports. >> where is this intensive diplomatic standoff headed? for these activists in hong kong, it was the japanese consulate. their demands are related to the chinese fishing boat captain who has been held in captivity since october 7. this marathon said it is to request japan to immediately release the ship captain. his fate is the subject of a decades-old tussle over an archipelago in the east china sea. the group of eight uninhabited islands, and taiwan also claims the territory. >> this latest round started when this chinese scholar ranted two japanese coast vessels near the island. 14 vessels arrived back of the island after being released, and early on, they are set to join them, but the damage has already spread beyond the vote. they did counsel talks with tokyo over the area's boiling gas reserves. now, reports in the japanese media suggest that the bilateral summit at next week was the general assembly is also under threat. that is why
Sep 4, 2010 3:00am PDT
combined ancestory a chinese mother from hong kong and japanese father from hawaii gave her a unique asspect much the language of threads, dreaming water and others. please, help me welcome gale sukiama. [applause] >> so that means if you have read the book you will not be buying the book? [laughter]. i'm always feel a little embarrassed because i looked back and i kept think thanksgiving book was published in 1993 who wants to hear about it now? i feel honored that we call it those in the know or good friends of mine call at this time energizer bunny. it's the book that somehow kept going all these yeersz. i will tell you up front it was a book i thought that may be they wouldn't publish. my very first book was women of the silk. i knew that i was writing about something that was a little bit different because i didn't know about the women of the silk until i wanted to write something telling their story much the second book is the test book for us writers you hear that a lot where the publishers are wondering if the author has a second book. everybody here i feel sitting here all
Sep 9, 2010 5:30pm PDT
on relations with hong kong, saying some criticism had been insulting, but he promised he and his administration would learn from the mistakes. >> we can prevent this from happening again. >> it has been a testing time for a new president who came to power promising to restore law and order >> mozambique is still reeling from last year. they forced an official u-turn as well. the government has agreed it will subsidize the price of bread. mozambique is one of the poorest countries in the world. after years of flood and drought, they are heavily reliant on wheat and imports. >> mozambicans trying to salvage a little pride. they are celebrating victory gave. the consequences have been deadly police opened fire last week. these are the poorest people in an already poor country, angry at the rise in the price of bread. the government backtrack to hold prices down. 90% of the week in this thread is important. when international price shocks hit commodities, the effects are dramatically multiplied. most wheat is driven across the border from south africa. his meager salary remains the s
Sep 9, 2010 6:00pm PDT
. the philippines government launched an inquiry very good ballistic experts brought in from hong kong to health. initially, philippines police said the victim could be killed by the hijacker, but the evidence said some may have been accidentally shot by the police themselves. >> not all came from the snipers. we know where the snipers were. >> the inquiry has not reached its final conclusion, but the president said anyone found to have failed in duties would be held to account. answering questions put to him by a panel of a journalist, the president talked about the strain the incident had placed on relations with hong kong, saying some criticism had been insulting, but he promised he and his administration would learn from the mistakes. >> we can prevent this from happening again. >> it has been a testing time for a new president who came to power promising to restore law and order >> mozambique is still reeling from last year. they forced an official u-turn as well. the government has agreed it will subsidize the price of bread. mozambique is one of the poorest countries in the world. after y
Sep 8, 2010 7:00pm PDT
are still mixed. here's how one specialist in hong kong on asian macro economic trends looks at this development. >> but what it does is it just strikes the -- to the heart of the matter, that here in asia the dynamics of economic growth are changing. >> kirby daley, senior strategist, says the impact is already visible. he points out that the recent data show china has become the biggest trading partner for many asian countries. >> it's very difficult for japan at this time, and the reason is japan's fiscal situation that the government has gotten itself into is really a mess. japan's economy, the domestic economy, is having a hard time getting going with domestic consumption and its dependence on exports to the west is something what it has no control over. it has no power over. >> reporter: some say the change symbolizes not only china's rise but also a shift in the global economic and even political landscape. but daley is cautious, noting that japan's per capita gdp is still more than ten times china's, which is $3,600. he also says china faces other problems. >> the rea
Sep 10, 2010 7:00pm PDT
obligation in many u.s. states, south korea and hong kong. >> thanks very much. >>> nhk reporter. >>> a japanese bank that mainly lends to filed for bankruptcy on friday. the failure will lead to the first implementation of a law that caps government guarantees on deposit paybacks. the ceiling is set at just below $120,000 for each deposit holder. >> the incubator bank of japan is now in the process of liquidation. debts are expected to exceed assets more than $2 billion. loans that cannot be paid back by borrowers weighed down on the bank's finances. the former chairman was arrested in july for allegedly obstructing an audit by the financial authorities. the investigation lead to a complete review of the bank's books, and resulted in the discovery of its huge debt. the cap on the deposit guarantees went into effect five years ago, but so far no cases of paybacks have occurred. incue banker bank customers will become some of the first ones to lose principal and interest if they exeed the limit. to prepare for refunds the bank will operate at 16 of its branches on monday. >>> let'
Sep 20, 2010 7:00pm PDT
that ended with eight hong kong tourists being killed. the report says senior police officials did not obey an order by president benigno aquino and made other serious errors. the sight-seeing bus was hijacked in august by a former policeman armed with guns. police officers stormed the bus and shot him, but in the rescue operation, eight hong kong tourists were killed. the philippine government set up an in-house panel to examine the rescue and released part of the report on monday. the panel says the failure in freeing the hostages came from assigning inexperienced policemen to negotiate. it also mentioned a lack of effort to gather information about the mental state of the hostage-taker. the report also says president aquino ordered the best national police unit to be sent, but senior police officials put responsibility in the hands of police at the site. as a result, it took a long time to carry out the rescue operation. president aquino says he is considering punishing senior police and government officials who handled the incident. >>> a freight train slammed into an express train stop
Sep 29, 2010 7:00pm PDT
to uva papat, chief economist at cantor fitzgerald capital markets in hong kong. >> well, so far the results are non-existent, really. the issue has been around for many years, and the chinese position has remained pretty much the same. >> reporter: parpart says china does not show any signs of budging on its currency stance. >> i think from a chinese standpoint the currency is a monetary policy tool and it can be used like any other monetary policy tool. the best thing that china could do on occasion is to appreciate the currency to prevent imported inflation from taking place. and i think if there's any reason why they would ever appreciate the yuan faster is if that concern becomes very significant. >> reporter: at the meeting with wen jiabao u.s. president obama further pressured china to immediately revalue the yuan, saying if china doesn't take action the u.s. has other means of protecting its trade interests. but parpart points out it's difficult to change the trade situation by just a currency policy shift. >> on the export front i know of no case in history where the app
Sep 8, 2010 5:00pm PDT
to fujian of china. already bringing showers in hong kong, 32 degrees in hong kong today. thundershowers in taipei as well, 32 here, and looking much, much cooler up in seoul, 22 for your daytime high. now let's head to north america, drenching downpours continue to affect texas, flooding was reported in some of the parts of texas, and again we're seeing these remnants of hermine which continue to really pound the southern areas here from texas, oklahoma, even up into the lower midwest as well, so we've got flood warnings in place for a wide area. a separate system to the northeast is making its way into eastern canada. we've got drenching downpours forecast for you. it's going to be quite windy out here and also the cold air ushering from the north will be dropping temperatures dramatically up in the northeastern corner. looking quite chilly and windy as well out towards the west. we do have red flag warnings in place across the central rockies, and then this low pressure system moving through is going to be dumping lots of rain, it's looking quite severe as well as that storm system he
Sep 15, 2010 5:30pm PDT
. activists in hong kong tried to stage a sit-in at the japanese consulate as they demanded his release. jonathan joseph's had this report. >> where is this intense diplomatic standoff heading? it was the japanese consulate. they are demanding the release of a chinese fishing boat captain who has been held in japanese custody since september 7. this marathon sedan is to request japan to immediately release our country pose a ship captain. his fate is the subject of a decade-old tussle over an archipelago in east china sea. the group of eight islands are claimed by both japan and china. taiwan also is a claim to the territory, whose ownership has been disputed ever since japan's defeat in world war ii. the latest fight started when this caller rammed two japanese vessels near the island. 14 crew members arrived in china on monday after they were released from custody, and early on wednesday, the vessel johnson, but the damage has already spread beyond the boat, staging council talks with tokyo over the area's oil and gas resource, which were set for last week, and now reports that the me
Sep 27, 2010 3:00pm PDT
. have been to china, hong kong, macao, and taiwan, and many restaurants where the children have not so many problems about healthy of syria -- about healthy. why only the usa or send francisco the children get on how of it, -- unhealthy. i think education is the problem, not made donald syria and -- not make donald. -- mcdonald's. mcdonald's is not the problem. the parents get their food from mcdonald's and not from their -- sorry about that. it is not the problem how. also the problem is education. >> thank you spirited -- thank you. >> i wanted him to respond to some of the marks being made. thank you so much for being here. i think it is a fact that americans are not eating as many vegetables as they should. but does not mean we should not be taking many more efforts to try to move in that direction. she said few of the males would meet those standards. i would assume it is much greater at this point. it is an apples and oranges comparison. >> to explain what you mean by that. >> the survey that the doctor did? >> it is a survey of dietary histories and not what was in the play. a n
Sep 6, 2010 7:00pm PDT
government plans to improve the living conditions of workers, in a special economic zone bordering hong kong. he made the comment at a ceremony to mark the 30th anniversary of the foundation of the special economic zone on monday. the district was designated in 1980 as the first special economic zone in china to accept foreign investment. >>> hu stressed that a reform and open door policy led to the economic development of china. hu also said the government will establish a system for companies and workers to share benefits and create better working conditions for workers who are from the country's rural areas. >>> in china a widening economic gap is becoming a problem after the country has achieved rapid economic development over the 30 years since the introduction of special economic zones. >>> stleefd a key word. up until now, the manufacturing industry had been using 3-d for manufacturing products. but now they're looking to increase productivity and at the same time cut hots. >> reporter: hitachi construction industry is one of japan's leading manufacturers. the company uses three-dimen
Sep 27, 2010 7:00pm PDT
in manila. 31 in hong kong. 24 degrees in tokyo on the cool side. likely seeing showers continuing through the morning. as for the americas, still very active system here in the eastern part of the united states, producing quite a bit of rainfall as well as some stormy conditions. we are hearing of some stronger storms developing in areas around virginia. the rest of the united states, again today, fine and dry. a little bit of showers moving into western sections of canada. but otherwise, really fine, clear skies. plenty of sunshine, although almost too much for the southwest. very, very hot conditions continui again on tuesday. expecting highs of u to 38 in sacren. in las vega thenossi gti up to0 ranslate tosenditions if you arn at ss,ooking adry.owing up. ref 30 rstie thd-aren t fedisthhe99baad tswsp 
Sep 24, 2010 11:00pm PDT
it stand now? >> well, they are still doing and as a result we have moved to hong kong. and hong kong is not subject to that law because it's, remember it's one country, two systems so by moving to hong kong, the censorship is done by the chinese government through something called the great firewall of china which exists between hong kong and the mainland. in that, it forces them, if you will, to implement their policies as opposed to us. >> rose: is that working for you as an alternative. >> the effect is it blunts our success in china. and if fact it was important for us to get this business licence which we were able to get renewed, thank goodness otherwise we wouldn't be able to operate in china as a whole. but there is no question that it has slowed down our penetration to the chinese market. as with you would imagine, there was also a lot of negative press. >> and how did that go in terms of, it made people not necessarily want to use google search? >> i am sure it was to the good for google's brand. >> it already had a majority share. and-- it was probably the significant vic
Sep 7, 2010 7:00am PDT
, taiwan, indonesia, china, and hong kong. we have signatures of our neighbors and members of the local chinatown association organization that has a 150-year history in the audience tonight. we have a 97-year-old lady in the audience tonight to see if we improve. >> happy birthday. [applause] >> in the audience tonight are members of the public to support 605 kearny street, and i would like to thank them all and ask them to stand up to be acknowledged. commissioner garcia: maybe we need to see who was against it. it's seems like everybody stood up. >> thank you. san francisco is a great city with great people and a great government. the government believes in protecting our property rights and the rights of our citizens. when the project is finished, we will gladly pay the increased property tax. the business and local sales tax revenue will help the city. we are living in tough economic times. i hope the board will please support the request to proceed with this project. it will be a great addition to chinatown and to san francisco, a city of love, peace, and
Sep 27, 2010 4:30am EDT
,860. the s&p rose 10 points and the nasdaq added 54. in tokyo the nikkei rose 130 points while in hong kong the hang seng jumped to 121. >>> the dow on track for its best september since 1954. the big question will this month's surge continue for a fourth straight week. the answer lies which way the economic data swings. 'll get an update on consumer confidence and spending and a fresh look at home prices. auto data seams for september is also due and should be a little higher this month. coming up on thursday, wall street will get another reading on just how much the economy grew in the second quarter with another look at gross domestic product. >>> treasury secretary tim geithner will be meeting for the first time this week. the goal will be to find ways for fiscal responsibility and financial reform. >>> hyundai has issued a voluntary recall of 140,000 sedan over potential steering issues. >>> asian license insurance will turn a profit of at least $30 billion this fiscal year. ai gi is spir aig is spinning off its balance to help with the bail out. >>> a deal could close as early as toda
Sep 13, 2010 11:00am EDT
, consider heading east, the far east. hong kong has the help wanted sign out. >>> the new documentary waiting for "super man" the filmmaker hoping to inspire americans to look at the way we teach our kids. >> if we don't fix our public schools for everybody, we're in trouble. >> good morning, everyone, i'm tony harris. those stories and your comments right here right now in the cnn newsroom. >>> is a tax issue that will affect your finances. pay attention, everyone. this is serious stuff here. lawmakers returning to washington today face a debate over extending the bush tax cuts set to expire at the end of the year. president obacama wants to keep them in place only for those making less than $250,000 a year. the top house republican wants to extend them for everybody but he says he's willing to go along with the administration. >> if that's thenly option i ve is to vote for some of those tax reductions, i'll vote for them, but i've beenpo makin the point now r months that we need to extend all of the current rates for all americans. if we want to get our economy going again. >> poro
Sep 5, 2010 6:00pm EDT
that the entrances of our ports would start in hong kong or amsterdam. they go out to those areas with inspectors and ships to provide for the safety and security of our country. >> on that topic, you have two icebreakers. one is laid up and the other just missed a deployment date. they were intended to support operations in antarctica. with global warming and the increasing opening of the northwest passage, the arctic, canada is debating refurbishing its fleet. the russians have come over and planted flags on the north pole. this is an area of future interest for all three nations. but the coast guard is not getting the resources it needs to recapitalize that icebreaker fleet. what will happen there? will we just be shut out of the arctic and have to depend on the canadiens to get there? >> not at all. because guard cutter healy is above alaska, asserting our sovereignty, mapping out the ocean floor, and working with the canadiens up there. but you bring a great question. that is why i got back two weeks ago from a trip up there. we were conducting something called arctic crossroads, the third y
Sep 28, 2010 11:35pm PDT
are snapped by. they have come from all over the country. >> my name is andy, i come from hong kong. >> reporter: and they are clearly excited for the show. >> wwe is my life! yeah! >> reporter: one, two, three -- backstage, the soup per stars give interviews to a seemingly enamored chinese media. and i have a few moments to learn some of the se credits to becoming a superstar. physical fitness. oh, dear. oh, crikey. and a sharp tongue. how can i up my smack talk. >> what kind of accent is that? is that fake? >> reporter: you are talking smack? >> are you from illinois and now -- >> you're playing a mind game. >> reporter: by the end of the interview, my villain diva alter' go is starting to emerge. well, my friend lives down the street. oh, in your face. >> she got me there. >> reporter: and then it show time. the lights go down, the music goes up and the crowd goes wild. i think they're having fun. they seem to be enjoying themselves. they know all the moves and all the stars. >> cena! >> reporter: and they love to hate. >> you suck! you suck! >> reporter: and while the crowd of 8
Aug 31, 2010 7:00pm PDT
on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened up 0.2% higher, currently up just a fraction. the shanghai index for major blue chips is down 0.2% and in shanghai the shenzhen composite is down 0.1%. back to the main news with catherine. >> thanks very much, ines. >>> u.s. president barack obama has declared an end to u.s. combat missions in iraq. in a televised speech from the oval office on tuesday. the operations had been ongoing for more than seven years. >> tonight i am announcing that the american combat mission in iraq has ended. "operation iraqi freedom" is over and the iraqi people now have lead responsibility for the security of their country. this was my pledge to the american people as a candidate for this office. last february i announced a plan that would bring our combat brigades out of iraq while redoubling our efforts to strengthen iraq's security forces and support its government and people. that's what we've done. we've removed nearly 100,000 u.s. troops from iraq. we've closed or transferred to the iraqis hundreds of
Sep 7, 2010 7:00pm PDT
government bond. and hopefully we can see the government bond next. here it is. in other asian markets hong kong's hang seng is now down more than 1%. the shanghai key index for major blue chips is down 0.8% while the sse composite is down half a percent. japan's current account surplus rose more than 26% in july the first increase in three months. the finance ministry released a report on wednesday. it's up 26.1% in yen trends from a year earlier. the trade surplus almost doubled to about $10 billion the result of growing exports of semiconductors and electronic parts to asia and automobiles to the u.s. meanwhile the income shrank by 17.7% to about $12 billion due mainly to lower interest rates. the ministry says that exports have slowed down since the spring and it will keep a close watch on the impact of the appreciating yen. >>> japan's machinery orders also rose in july up nearly 9% from the previous month. this marks the second straight month for an increase. the cabinet office said the total value of orders received by private sector firms in july stood about $9.1 billion up 8.8% in
Sep 9, 2010 7:00pm PDT
-year japanese government bond. in other asian markets hong kong's hang seng opened 0.7% higher, currently up 0.5%. the blue chips is up .1% and so is the sse composite. >>> in china, auto sales rose for the first time in five months. the association of automobile manufacturers said car sales were up 16% from a year earlier. china's auto sales rose 55% in march but later the pace lost steam. observers say government subsidies pushed up sales of energy-efficient cars that were launched in june. discounts and other incentives from many dealers also had a positive impact. >>> nissan motor will set up product development centers in southeast asia to tap into their expanding auto marks. nissan announced the plan thursday. the automaker will boost its development platform in thailand to support the launch of new models. nissan has already begun local production of compact vehicles after expanding its facilities. from april 2011, nissan will set up another development center in indonesia. it will increase local employees in charge of development by about three times from the current 110. nissan says i
Sep 16, 2010 7:00pm PDT
on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened up a quarter of a percent higher. it's currently up 0.3%. the shanghai key index for major blue chips is up 0.3%. and in shenzhen the sse composite is up 0.2%. >>> makers of precision glass products may soon polish surfaces using a metal that's not rare earth. japanese researchers have developed the new polishing technology and it's drawing a lot of attention at a time when china is restricting export of rare earth metals. a research group led by ritsumeikan university professor yasuhiro tani has discovered that a metal called zirconium can be used to polish precision glass products. these include televisions with liquid crystal displays and lenses. zirconium can be sourced more easily than cerium, which is the rare earth metal that's now being used for polishing. the researchers also found that the new technology with zirconium will make polishing more efficient rather than with cerium. this will cut metal usage by 40%. the research team plans to put the technology into practical use in
Sep 24, 2010 6:00pm PDT
, making sao paulo the second-largest behind hong kong. >> the brazilian state run an oil company petrobras has raised nearly $70 billion on the sao paulo stock market as the president open trading. he also launched the world's largest share offering. >> the fact this is happening in a stock exchange with a green and yellow flag says this is not in frankfurt, london, or york. it was the sao paulo stock exchange that launched the biggest offering and global capitalism. >> the money will help them tap into the huge reserves of brazil's southern coast, which are believed to hold more than 50 billion barrels of crude. they currently have the exclusive rights to develop $5 billion of that, burning brazil into the top ranks of the world's oil producing countries brazil into the top ranks of the world's oil- producing countries. >> i asked our correspondent how the ipo was received on the new york stock exchange. >> it was such a huge offering, you could have expected some pressure on the stock, but it is holding on fairly well to the levels that we see in the evening session. in general, the resp
Sep 28, 2010 7:00pm PDT
markets, hong kong's hang seng opened 0.9% higher. the shanghai key index for major blue chips is up 0.6%. and in shenzhen the sse composite is slightly down. now back to catherine. >> thanks very much, ines. >>> north korea's state-run media say that kim jong il's third son, kim jong un, has been named vice chairman of the central military commission of the korean workers' party. the announcement suggests that kim jong un has officially been chosen as kim jong il's successor. the wednesday morning report says the decision was made at the conference of the workers' party and the general meeting of the central commission, the party's leadership body. no images of kim jong un have been made public so far. members of the party's central military commission lead the korean people's army. 19 people, including kim jong il, have been chosen as members of the commission. ♪ kim jong un, who was earlier given the title of four-star general, has been named vice chairman of the central military commission, a new post. 30 years ago, when kim jong il first appeared in public as the successor to hi
Sep 17, 2010 4:00am PDT
at overseas trading this morning. in tokyo, the nikkei rose 116 points while in hong kong the hang seng climbed 279. trading was mixed on wall street thursday as investors looked past encourages news on the economy focusing instead on bellwether company fedex. the shipping firm darkened the mood falling 3% after announcing it would eliminate 1,700 jobs in an effort to prop up its money losing trucking business. >>> on the brighter side, the labor department reported first time claims for unemployment fell to a new month low last week. and prices at the wholesale level rose more than expected last month, easing concerns economic anemia could lead to falling prices. >>> on the down side, the census bureau reported the number of americans in poverty climbed to its highest level since the 1960s with millions losing jobs thanks to the recession leaving a staggering one in seven americans in poverty. >>> for the second time this week, gold swept to another all-time high and spot silver, the so-called poor man's gold, reached its highest level since march 2008. >>> software maker oracle rose m
Sep 20, 2010 4:00am PDT
climbed 116 points, while in hong kong shgs the hang seng edged up 6. >>> this week, wall street investors will be hoping some kind of boost from the federal reserve will provide a turning point for markets mired in uncertainty. what steps, if any, will fed chief ben bernanke and company take to help jump-start the struggling economic recovery when they meet tuesday on interest rates? they could lower rates or make other moves to stimulate the economy. with recent upbeat data, including stronger than expected private sector job growth, most analysts don't expect major moves. still, positive comments alone could spark market confidence. >>> it's a big week ahead for readings on the state of the nation's housing market. new and existing home sales, along with new home construction, are expected to rise but look for both permits for future home construction and home prices to fall. >>> this week we'll also get quarterly earnings reports from companies such as bed, bath & beyond, discover financial, nike, and general mills. and speaking of general miamis, the company refused to comment sunday
Sep 23, 2010 4:00am PDT
a look at overseas trading this morning, in tokyo, the nikkei sank 35 points, but in hong kong, the hang seng added 45. >>> investors put faith in the fed yesterday and placed their bets on the bond market. traders took the central bank's promise to boost the economy as a sign it could step up its bond purchasing program down the road. as a result, investors bought up bonds. meanwhile, gold prices hit yet another report high. elsewhere in metal, aluminum maker alcoa surged 5% helping the dow offset the day's losses. tech stocks took a beating after software maker adobe systems plunged 19% in the wake of a weak revenue forecast. microsoft shares took a hit after the company said it would up its quarterly dividend for the first time in two years, but apparently not as much as some had expected. >>> early this morning blockbuster filed for chapter 11 bankruptcy. according to the "wall street journal," the embattled company will keep some stores open while it moves toward a more digital-driven distribution. >>> a month after starbuck's said it would absorb the high cost of coffee, up to a 13
Search Results 0 to 49 of about 297 (some duplicates have been removed)